PPP Loan information for Drexel chemical company

$2,467,050

Drexel chemical company was initially approved for PPP Loan of amount $2,467,050, the current approved amount is $2,467,050. The loan was approved on 04/10/2020 by The First Horizon Bank reported 246 jobs and $2,467,050 was used to fund payroll.

Drexel chemical company is Existing or more than 2 years old

PPP Loan Search / TN / MEMPHIS / Drexel chemical company

DREXEL CHEMICAL COMPANY

Date Approved

04/10/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

DREXEL CHEMICAL COMPANY

Borrower Address

1700 Channel AVE

Borrower City

MEMPHIS

Borrower State

TN

Borrower Zip

38106-1576

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2467050.00

Current Approval Amount

2467050.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MEMPHIS

Project County Name

SHELBY

Project State

TN

Project Zip

38106-1576

CD

TN-09

Jobs Reported

246

NAICS Code

325320

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

200000.00

Payroll Proceed

2247050.00

Mortgage Interest Proceed

0.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2494941.37

Forgiveness Date

06/11/2021

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